Noncontrolling Interests

3 Months Ended

Mar. 31, 2013

Note 14 – Noncontrolling interests

Noncontrolling interests are composed of the following enterprises:

·	Angelika Film Centers LLC (“AFC LLC”) 50% membership interest owned by a subsidiary of iDNA, Inc.;

·	Australia Country Cinemas Pty Ltd (“ACC”) 25% noncontrolling interest owned by Panorama Cinemas for the 21st Century Pty Ltd.;

·	Shadow View Land and Farming, LLC 50% noncontrolling membership interest owned by Mr. James J. Cotter, Sr.; and

·	Sutton Hill Properties, LLC 25% noncontrolling interest owned by Sutton Hill Capital, LLC

The components of noncontrolling interests are as follows (dollars in thousands):



		March 31, 2013		December 31, 2012
AFC LLC	$	29	$	1,737
Australian Country Cinemas		602		601
Shadow View Land and Farming LLC		1,903		1,912
Sutton Hill Properties		(251)		(152)
Noncontrolling interests in consolidated subsidiaries	$	2,283	$	4,098

The components of income attributable to noncontrolling interests are as follows (dollars in thousands):



		Three Months Ended March 31,
		2013		2012
AFC LLC	$	104	$	178
Australian Country Cinemas		--		63
Shadow View Land and Farming LLC		(9)		(21)
Sutton Hill Properties		(99)		(90)
Net income (loss) attributable to noncontrolling interest	$	(4)	$	130

Summary of Controlling and Noncontrolling Stockholders’ Equity

A summary of the changes in controlling and noncontrolling stockholders’ equity is as follows (dollars in thousands):



		Controlling Stockholders’ Equity		Noncontrolling Stockholders’ Equity		Total Stockholders’ Equity
Equity at – January 1, 2013	$	126,856	$	4,098	$	130,954
Net loss		(668)		(4)		(672)
Increase in additional paid in capital		57		--		57
Distributions to noncontrolling stockholders		--		(1,811)		(1,811)
Accumulated other comprehensive income (loss)		1,175		--		1,175
Equity at – March 31, 2013	$	127,420	$	2,283	$	129,703


		Controlling Stockholders’ Equity		Noncontrolling Stockholders’ Equity		Total Stockholders’ Equity
Equity at – January 1, 2012	$	123,752	$	1,235	$	124,987
Net loss		(239)		130		(109)
Increase in additional paid in capital		180		--		180
Contributions from noncontrolling stockholders		--		2,755		2,755
Accumulated other comprehensive income		4,056		5		4,061
Equity at – March 31, 2012	$	127,749	$	4,125	$	131,874

- Definition

The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock.

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